Cosco ShippingHoldings to acquire Orient Overseas in USD6.3bn deal
Wholly-owned subsidiaries of Cosco Shipping Holdings and Shanghai International Port (Group) Co have made a voluntary cash offer to acquire Orient Overseas (International) Limited (Orient Overseas) in a deal worth up to USD6.3 billion. Cosco ShippingHoldings, which was represented by law firm Paul Hastings in the acquisition, is the world’s fourth largest